Ubuy partners with Nuvei for Global Payment Solutions Growth

Ubuy partners with Nuvei for Global Payment Solutions Growth

Ubuy, a premier international eCommerce platform headquartered in Kuwait and specialising in connecting global consumers with renowned brands, has collaborated with Nuvei Corporation, a top-notch Canadian FinTech enterprise.

The central goal of this collaboration is to elevate Ubuy’s checkout experience for its international clientele.

Ubuy stands as a bridge, linking consumers worldwide to global brands, giving them a broad array of product choices. In contrast, Nuvei offers a comprehensive suite of alternative payment methods (APMs) which are pivotal for Ubuy’s mission. With a whopping 634 APMs available through a solo integration, Nuvei ensures that online businesses can customise their end market using the most appropriate payment methods, refining the overall consumer checkout experience.

With APMs becoming a cornerstone for global growth in eCommerce, changing consumer payment preferences have led to a surge in the usage of methods like Alipay in China, iDEAL in The Netherlands, and PIX in Brazil. By integrating with Nuvei, Ubuy is equipping its consumers in these markets (and several others) with these favoured payment options. This not only guarantees consumer retention but also uplifts revenues, especially when a standard card transaction goes awry.

Ubuy, with Nuvei’s vast suite of payment options, aims to amplify its global presence without compromising on delivering a universal eCommerce experience to every single customer, irrespective of their geographical location.

This partnership announcement underscores Nuvei’s growing dedication to the Middle East and Africa region.

Ubuy’s CTO & Founder, Dhari Al Abdulhadi, remarked, “It is important for us to offer an industry-leading eCommerce experience for our customers, including enabling them to complete purchases via any of the payment methods they are familiar with. We’re delighted to be partnering with Nuvei to offer all the relevant payment methods our customers demand in each market we operate, through a single integration, and without the need to manage many dozens of independent relationships with payments companies.”

Philip Fayer, Nuvei Chair and CEO, stated, “It is our mission to enable our customers to connect more closely to their customers through payments, wherever they are based and however they want to pay. As an eCommerce business with customers all over the world, Ubuy’s global appeal is underpinned by checkouts tailored to local markets. We’re proud to support Ubuy as it continues to accelerate its growth.”

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.